how to organize just about everything by Peter Walsh

Author:Peter Walsh
Language: eng
Format: epub
Publisher: FREE PRESS
Published: 2004-07-15T00:00:00+00:00

Tips

Give allowance as you would a paycheck: the same amount at the same time every week.

When you go on vacation, give each child a set amount of money to pay for all the extras they want. They’ll need to make their cash last the whole trip—and you won’t have to hear “Oh, pleeeeeeease!!” See 406 Plan a Trip with Children.

Who Knew?

Teach kids that credit-card companies aren’t their friend—they’re in the business of making money. Credit cards can help you develop good credit and certainly are convenient. If you don’t use them wisely and pay them off every month, however, you give control over your life to someone else.

Help your children divide their allowance into long-and short-term savings (about 25 to 35 percent) and charity (10 percent), with the rest for spending. They can pick any charity to support, such as a food bank, an animal hospital or whatever touches their heart.

Kids who feel entitled often have parents who taught them they can have whatever they want whenever they want it. Say “no” and stand firm: They’ll still love you and will learn the value of delayed gratification.

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